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Case Study
1. What is Brazil's agricultural so competitive? Why do its manufacturing industries lack competitiveness?
2. Why have Brazil's governments in both the 20th and 21st century been eager to develop world-class manufacturing?
3. How can Brazil shift some of its resources from noncompetitive industries to competitive industries?
4. On ETHICS: While President Rousseff's critics accuse her of ignoring Brazil's lack of comparative advantage in manufacturing, her supporters argue that her politics force Brazil to reduce its dependence on foreign made manufacturing goods. If you were to participate in this debate, what side would you be on?
Answer each of the 4 questions fully. No short answer. Include all references used and cite them correctly
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We make selections as customers every day. Opportunity cost is defined as a person's next best option or the cost of what you give up when you make a choice.
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